TITLE

Countdown to $100

PUB. DATE
October 2007
SOURCE
MEED: Middle East Economic Digest;10/19/2007, Vol. 51 Issue 42, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The article comments on the possibility that oil prices will reach $100 a barrel. It points out that there could be some painful consequences for the Middle East region if high prices continue into 2008. It adds that increased fuel rates will have an inflationary impact overseas and may be enough to push the teetering global economy. It contends that Organization of Petroleum Exporting Countries (Opec) members may find themselves helpless as demand for crude oil diminishes in the wake of a global economic slowdown.
ACCESSION #
27560935

 

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